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Korea Report - April, 2011.

Topics.

²  Trade Committee of the National Assembly passed Korea-EU FTA.

²  SKorea and USA agreed to carry out a joint study on safe ways to store spent nuclear fuel.

²  Indonesia selected Korea Aerospace Industries as preferred bidder for its trainer jet project.

²  SKorea’s ruling party will set up new policies that actively prepare for reunifying with NK.

²  President Lee reiterated NK must accept blame for both incidents before any dialogue.

²  NK will not abandon its nuclear weapons, US forces commander in Korea said.

²  KWon has been strengthened fast, pushing exchange rate to below 1,100 per USD.

²  BOK revised its projection for this year's inflation to a 3-year high of 3.9%.

²  The earthquake and tsunami in Japan has a limited impact on Korean economy.

²  SKorea’s trade surplus surged to $5.8 bil in April, up sharply from $2.8 bil in March.

²  Samsung and Apple are poised to fight it out over patent rights.

²  STX Group aims to become one of SKorea's 7 largest conglomerates by 2020.

²  Benchmark Korea Composite index experienced an extended rally for the months.

²  SKorea's foreign exchange reserves have surpassed $300 bil for the first time.

²  SHI regained the top of the world from HHI in the order backlog.

²  LNG carriers, Super box ships and drillships give the space to breathe for Korean yards.

²  Kwon Hyuk, the owner of Cido Shipping, targeted by Korean tax authority.

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